31.47, gaining share. [closing bell ringing] david: you can hear the cheers is down.street, even though it this is the first time we've had three down days in a row at beginning of the year since 2005. not a good harbinger of the year 2014. but we're still optimistic what is to come. cheryl: kisses blowing at nasdaq. i was so captivated. david: they're doing everything they can to try to goose up the market. it will not happen before the day is done here. not a big down day. as you see all the indices down a quarter of a percentage point. a little more so with the nasdaq and russell getting hit the hardest. that is down almost a percent. maybe 3/4 of a percent. not a good day on wall street but we've got an exciting hour come. cheryl: let's bring you your front page headlines right now. this came out today, growth in the services sector slowed last month. ism non-manufacturing index dropping to 53.

it was the second straight month of slower growth. david: factory orders rebounded in november, according to the commerce department. new orders increased by 1.8%. that was about in line with the forecast. cheryl: the senate expected to vote at 5:30 p.m. eastern time to confirm yell yell as federal reserve's first female chairman. she will replace ben bernanke whose term ends late they are month. david: talked to jon hilsenrath from the journal coming up. jpmorgan's stock little-changed avenues that the banking giant will pay again as much as $2 billion to settle claims it ignored warning signs about bernie madoff's huge ponzi scheme. cheryl: ford and chinese partners report ad nearly 50% rise in auto sales last year. ford outselling toyota and honda but still lagging behind gm and volkswagen. david: much of the u.s., as chairman mentioned at the top of the show in the grip of coldest weather in two decades. the arctic blast bringing

dangerously low temperatures officials describe as life-threatening much. thousands of flights are canceled. a lot of businesses are closed we're open doing business at the closing bell. "after the bell" starts right now. david: time to break down today's market action. we have jason pride, glenmede director of investor strategy to tell us which markets are heating up for the year and lincoln ellis, green pitt capital, from the pits of the cme. lincoln, talk about gold. something happened with gold around 10:00. i don't know whether a fat finger trade but it went down 30 bucks and came up again. do you know what happened? >> nothing out of the cme here today on that bold trade although it does appear to be a bit of a fat finger. rebounding, price action before it and pursuant to it suggests that somebody, may have a slip of an elbow or a slip, maybe a

cold finger given how cold it is outside here in chicago. really the reaction has been to the non-manufacturing read. it's a little bit weaker than we expected. factory orders were better than expected. internal components leading toward's friday's jobs number was slightly better. that gives markets a little bit of a pause, to think we continue the positive trajectory in terms of jobs that could give the equity market another leg up. cheryl: jason a lot of investors waiting for a pull back, correction, may not get one. do you think a week like this week is time to use this as entry point into the markets for investors? put cash to work they didn't put in the markets in 2013? >> sure it is. i asked a kind of jokingly laugh about a three-day pullback of magnitude we've seen so far. cheryl: looking for anything, jason, anything i can get. >> anything you can get. here is what i can give you,

after a year like 2013 that is not necessarily a harbinger of bad returns in 2014. average market return since 1936, following a 25% plus year is 12%. it is actually a pretty significant number. it is not very different than the long-term average return for the stock market. so really last year's return of near 30% tells you almost nothing about this year's return. the thing that is do matter are valuation and valuations are relatively fair at this starting point. cheryl: lincoln, you know one of the things we've been seeing actually europe has been doing a lot better. that is something jason is also watching, but europe coming out of recession. growth numbers are strong. only people we're worried about at this point are the french. i wonder if this is time to look globally to make money in 2014? >> absolutely. and to our minds europe is one of those places where you could see outperformance relative to the united states. it has been lagging since the

depths of the euro crisis in 2011. it has substantial tailwinds. if you put the, the accommodative policy of ecb put on in the second half of this year, in line with the sort of tightening stance that we're likely to get with the taper in the united states, that certainly puts investors at pause, and looking for money -- david: lincoln, forgive me interrupting in mid-sentence. we have breaking news. it relates to something we reported earlier. that $2 billion fine against jpmorgan in the bernie madoff case, we get word from the "wall street journal", officials at jpmorgan are to be excluded from these penalties. they're not going to be levied agaiist individuals. it will be levied against the entire company, which means stockholders once again will have to pay for the crimes of the misdeeds of some others. again, jason, let me go back to jason on this, are you concern at all at regulatory overreach, whether it is on issues of

financial miscreants or whatever it happens to be? >> look this, is a fine line. obviously you're always concerned about any sort of regulatory overreach stretching in and really hampering business's ability to conduct normal operations but at the same time, this is a double-edged sword. you need to have a reasonable amount of oversight. you need penalties for things done incorrectly. you need some repercussions otherwise you allow. david:tory give me, for interrupting, jason, don't they seem to a applied, i will throw this lincoln, haphazard with the particularly what happened with jpmorgan. okay, hold on a second. one at a time. lincoln to you.% >> sure, i don't think there has been anything haphazard of any penalties brought out in the banking cases. they have been all laid at the foot of taxpayers and taxpayers and shareholders alike have borne the burden of this these

kind of fines and no individuals have been held responsible. that is a very weak link in a system that needs both personal and corporate responsibility. cheryl: but, jason, those shareholders in these major banks have actually been rewarded. for three years running, financials have been the best-performing sector and we saw it in 2013, best-performing sector so far for 2014 if recession is fine and it is financial, these big names. >> let's also recognize another thing. who are the larger shareholders of many of these bank? or at least very sub stangsal amounts of net worth tied up in them? executives involved in it and responsible as well. so it is one of the ways to get at the same individuals. david: of course it hit as lot of different people. a lot of pension funds have money in big banks as well. >> of course. david: a lot of common folks walking the street whose 401(k)s have gone down because of this. >> agreed. they benefited in some ways and now some benefit is taken away.

it can cut both ways. at the bottom line you the fact that you need some sort of repercussion for misdeeds. misdeeds need to be followed up, even haphazard, at least keeps that disincentive in place from others doing more. cheryl: speaking of your picks, jason, speaking of companies who made paid out fines, abbott labs is one of your picks. what do you make of this. we're in the full throes of obamacare in 2014, are you still sticking with abbott labs. >> we're sticking with abbott labs as well as many other health care manufacturers. the thought process, we want stability, we want growth, we want profitability going into 2014 and we want rhinable valuations. abbott fills those bills across the board. valuations are reasonable. profit growth is good. underlying business model is relatively sound. so we're traveling ahead with that pick. david: lincoln, talk about commodities for a second, do you see any sign of a commodity

comeback in 2014. >> i don't know about a comeback, david, but pursuant to our conversation last week when we noticed divergence between oil prices and energy more broadly and stock market performance. david: right. >> there is something out there that suggests that commodity prices are now starting to bottom out. if we do get a turn in the developed economies that will have a flow-through effect to the export-driven emerging markets and that that could, stablize commodities in 2014, be it the first time in 3 1/2 years, they didn't experience a down year as a sector. david: okay. hey, guys, thanks for flowing with us on the breaks news. we appreciate it. jasoo pride, good stuff. lincoln ellis well be back with you shortly at the s&p futures close. we'll see you then. in just over an hour janet yellen is expected to be confirmed as the next federal reserve chairwoman. what can we expect from her from the fed? jon hilsenrath, you know what he knows about what goes on inside the fed from the "wall street journal" he will join us.

cheryl: barclays, where is the bank putting their money to work this year? managing director barry knapp will be here. david: we love barry. tell us what you think, the battle over unemployment benefits extension. do you think they should be extended? why or why not. facebook.com/afterthebell. we'll read your answers later in the hour. ♪ [ le aouncer ] at if a small company became big business overnight? ♪ like, really big... then expanded? ♪ orheir new product tanked?

♪ or not? what if they embrace or not? new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. before those little pieces would get in between my dentures and my gum and it was uncomfortable. [ male announcer ] just a few dabs is clinically proven

to seal out mored partics. [ corrine ] ser poligrip is part of my life now. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes foren years... we're new york. if there's something that creates more jobs, and ows re bunesses... we're open to it.

start a tax-free business at startup-ny.com. david: office supply chains home depot and staples are lower on weak traffic trend. let's head back to nicole petallides on the floor of the new york stock exchange. nicole, what is going on? >> well, that's a concern. weak traffic trends in retailers. so we heard that story from h.h. gregg and the electronics and appliances. we saw that stock moving lower. office depot and staples moved to the downsize. office depot down 8% today. staples down about 3%. we'll see whether or not this continues. we've heard some of the, some retailers talking about weaker traffic overall. customers maybe going online or worried about the economy. there are some reasons why you may see weaker traffic overall. in the h.h. gregg story, versus best buy, some analysts say, well, best buy is a better choice during the holidays.

they had better tvs. h.h. gregg lost out in that fashion. but slower traffic could hurt these office retailers as well. david: i did say home depot. office depot we were talking about. it was a depot. nicole, thanks for the depot. we appreciate it. >> s&p futures are closing. let's head back to lincoln ellis in the pits of the cme. lincoln? >> this is the cold depot here in chicago. absolutely, myself and a lot of guys behind me wearing long johns today, first time in a long time. all eyes focused on fed and treasury auction. bunch much notes, 10-year notes this wednesday at very beginning of the jobs extravaganza. one theme hyped me on the pits we're expecting some more volatility around the jobs number and seating of the new fomc president. so that will make for some volatility. david, ask my friend barry knapp one question, the most dangerous score in soccer is 2-0.

we had two very good years in u.s. equity markets. does that set us up for some kind of a potential reverral in 2014? cheryl: lincoln, you have to explain to me the soccer reference. >> ask, barry the most dangerous score is when you're up 2-0. why we always lose 3-2. david: barry knows his stuff. we will ask him. next hour the senate is expected to confirm janet yellen as the next federal reserve chairman replacing ben bernanke who has been at the helm for eight years. will janet yellen stay on the bernanke path or cut a new one on her own? the man with all things fed, "wall treet journal's" jon hilsenrath the fed reporter. >> happy new year. david: happy new year. we have a lost opposition. not enough to knock down the nomination. she will be confirmed but we've never seen this much opposition before. is it against her personally or is this some kind of a vote against the fed? >> well, i think it would be,

you would call it a vote against the fed. let's not forget when bernanke was renominated by barack obama four years ago he faced a lot of opposition and fed and white house had to fight really hard to keep him in the job. i think what we're seeing is more of that. particularly from republicans who are unhappy with a lot of unconventional things the fed has done under bernanke's tenure. david: is it going to affect janet yellen in any way? will she take that as a message? >> no, i on't think it will affect her. i think she will be confirmed. and the opposition that is, that is more of an issue for her is not what she sees in the senate but what she sees inside of the federal reserve itself. you know, all along, for the last four years, bernanke has had to really struggle to bring together 18 other officials and form a consensus on these really unconventional policies that he has formulated. we'll have to see if yellen has the same kind of internal

political skills bernanke had in keeping everybody on board. we don't know yet if she will be able to do that. david: particularly now that you have richard fisher back in as a voting member. he is a real hawk when it comes to a lot of what they have been doing there. philly fed president charles plosser he speaks out ast what . it will be tough to corral against these folks. >> david, those are the known hawks, you pretty much know when you go into a meeting what position they will take. the thing i find interesting and people at markets have to watch, governors at the fed, jeremy stein, who was nominated by barack obama and who has been pretty skeptical of the qe policies that the fed has done. that is like, that is one example i think of somebody that yellen will have to work to keep on board. we're expecting obama to also nominate a new vice chairman, stanley fischer. and he might be, he might have some skepticism. david: let's talk about stanley fischer. that is very interesting. for the first time in a while you have a very, very strong,

well-known vice chairman. he was of course head of central bank in israel. what kind of influence, first of all, do we know what he thinks about what the fed has been doing over the past few years? >> he has expressed some skepticism. ultimately i think, if he is going to be the vice chairman of the place. he is going to be a loyal soldier. he is not, at least publicly he is not going to push behind the scenes, publicly against janet yellen's approach but i think we'll see some, there will be some differences between yellen and fisher in that, yellen has a very clearly-drawn views. she is very supportive of these easy money policies. i think fisher is more internally kind of skeptical. he is not likely to just kind of embrace any idea without looking very carefully at both side of the issue. so i think you're going to see, not necessarily kind of a, fight against yellen, but just kind of

some internal skepticism she will have to work with. david: back to the other fisher for a second, richard fisher, the dallas fed president. i had him on a couple weeks ago. he was in favor after 20 billion-dollar taper, instead of the 10 billion taper. was he alone on that? was there anybody with him on that? >> there were a lot of people, a lost hawks who never wanted to start it in the first place and would have been very happy if ben bernanke said, let's stop it all together last december. the problem that they have had is, that they're in a minority and, in order to for them to have any sway they have to have some more moderate people like ones we've been talking about, jeremy stein, stanley fischer, come alongwith them. that's why you have to watch those people in the middle. david: let's talk about rates for a second. >> okay. david: ben bernanke has actually come out and talked a little bit about that, at what point the rates might change, and then he sort of backed up, he moved the goalpost. let's play that sound bite and

hear from jon. >> okay. at the most recent meeting the committee reaffirmed and clarified its guidance on rates stating it expects to maintain the current target range for the federal fund rate well past the time the unemployment rate threshold of 6.5% is crossed especially if projected inflation continues to run below the committee's 2% longer run goal. david: now the key phrase for me anyway, was well past the time that we reach that 6.5% rate. >> yeah. david: did you see that one coming? because it did strike a lot of people as moving the goalpostt >> because i did see it coming. they signaled that at the december meeting. they're thinking we could get a unemployment rate this year, later this year at 6.5%. they signaled pretty clearly at the december meeting it would be a while before they actually started hiking rates. what struck me from that sound bite wasn't the well past, but the especially.

what he said especially if inflation remains low. so what they're saying is, right now, the inflation numbers are well under their 2% goal. and what they're saying is, as long as those numbers are low, they're not doing anything. and i think he really tried to emphasize that in his speech last week. david: all right. we talk a lot about monetizing the debt, monetizing this and that. how will bernanke monetize his experience at the fed? what will with will he do now? >> i think he will monetize that experience. david: i bet he is. >> he will be doing a couple of things. he has been wanting to write a book ever since the crisis has started. he has been talking about it behind the scenes. he will certainly go off and write a book. what you see a lot of fed officials do after they leave, they go off and give speeches. greenspan made hundreds of thousands of ollars a pop after he left. i think you will see bernanke do that. he is not terribly wealthy guy. he has a fairly big mortgage on

his home up on capitol hill. i think he will be cashing in on this. david: yeah. >> but i don't think he will go off to wall street like some, other people in the white house have gone to. david: that would look a little unseemly. >> that would look unseemly, wouldn't it? david: bill clinton made $100 million in speeches. he will pay off the mortgage before long. >> we don't have to worry about him paying off his debts. david: jon hilsenrath, great see you. thank you so much. >> thanks a lot. >> a new headache for yahoo!!3 ceo, marisa mayer. hundred of thousands of customers could be affected by new computer infection. david: lawmakers and lobby its are drawing battle lines in a high-stakes fight whether congress should lift a ban on u.s. oil exports. we told you about it last week. we'll tell you how both sides are squaring off this week and who has got the upper hand next. [ male announcer ] this the story of the little room over the pizza place on chestnut street

the modest first flo bedroom in tallinn, estonia and the southbound bus barreli down i-95. ♪ this magic moment it is the story of where every great idea begins. anof those who believed they had thpor too more. dell is honored to beart of some of the world's great stories. that began much the same way ours did in a little dorm room -- 2713. ♪ this magic moment ♪ ♪ this magic moment solly bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uhgo get help! i have my reasons. look, you n't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the allyaise your rated. ally bank. your money needs an ally. but with less ergy, moodiness, and a low sex drive,

i had to do somethin but with less ergy, moodiness, i saw my doctor.rive, a blood test showed it was lotestosterone, not age. we talked about axiron the only underarm low t treatment that can store t levels to norm in about two weeks in most men. axiron is not for use wen or anyone younger an 18 or men with prostate or brecancer. women, especially those who are or who may becompregnant, and children should avoid contact where axiron is apied women, especially those who are or who may becompregnant, as unexpected gns of porncreased acnen or in women may occur.air report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, et or body swelling, enlaed or painful breasts, problems breathing while sleepi and blood clots the legs. enlaed or painful breasts, common side effects include skin redness or irrition where applied, increased red blood cell count, headache, diarrh, voting, and increase in psa. ask your doctor about axiron.

david: time for a quick speed read, some of the day's other headlines. five stories, one minute. lenovo unveiled google's android operating system. can be used as desktop operating system. can be folded into a tablet. >> men's wearhouse raised stakes for fellow suit retailer joseph a. bank after $1.6 billion offer after the $1.5 billion offer was rejected. t-mobile will buy low spectrum bandwidth to allow better coverage inside buildings and rural areas. yahoo! announced some advertisements on its site spread malware to users affecting 27,000 computers per hour over the past few days. the attacks primarily impacted europe and in the u.s. anyone using mack cree device are reportedly safe. apple bought the owner of

snapty camp. allowed users to take up to 20 pictures a second. the app is removed from the itunes store, causing speculation that it become a feature on future iphone. that is today's -- [buzzer] cheryl: well-done. lawmakers return to d.c., many members are pressing to lift the band on u.s. oil exports. david: dates back to the 70's. rich edson has the story. >> relic of 1970s aisle panic and washington should reverse it. the u.s. is more efficient and productive. oil imports are down and domestic crude production exceeded imports in november for the first time since 1995. the government predicts stronger production this career. -- year. if u.s. producers can't access prices artificial discounts could cut incentive to drill, slowing or stopping the u.s. energy resurgence driven by

unconventional oil. even president obamaas energy secretary says the government needs a new examination of a energy world no longer living in the 1970s. still there is opposition. in a letter to president obama democratic senator robert menendez quotes, allowing for expanded crude exports would serve only to enhance the profits of big oil. can force u.s. consumers to pay even more at the pump. i urge you to reject any attempts to send more u.s.-produced crude oil abroad. meanwhile in the house, senior aids say the issue has yet to gain very much traction. much back to you. cheryl: rich edson. thank you, rich. david: investors enjoy terrific gains in 2013. what can they expect in 2014, as the fed taper continues. talk to one of the streets most influential strategists, barclays's barry knapp to find out where he is seeing opportunity. cheryl: we'll ask him about sock soccer as well. as we approach the new earnings season we'll look at potential curveball that could deflate

some company earnings. all about the dollars placed in the global currency markets. we're back in two. ♪ hi, i'terry and i ve diabetic nerve pain.

i worked a patrol unit for 17 years in the city of baltimo. when i first started experiencing the pain, it's, it's hard to describe because you ha a numbness... but yet you have thpain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew had to do somhi. when i went back to my healthcare professional... that's when she suggested the lyrica. once i started taking the lyric the pain started subsidin [ male anuncer ] 's known th diabetes damages rves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for r everyone. it may cause serious allergic reactions suicidal thouts or actions tell your doctor rig away if you have these, new, or worsening depressi, or unusual changes in mood or behavior. or swelling,rouble breathing, rash, hives, blisters,

changes in eyesight including blurry vision, mucle pain with fever, tired feeling, or skin sores from diabetes. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. don't drinklcohol while taking lyrica. don'drive or use machinery until you know how lyrica affecou. those who ha had a drug or alcohol problem may be mo likely to misuse lyrica. k youdoctor about lyrica today. it's specific treatment for diabetic nerve pain. to hear more of terry's story, visit lyrica.com. if y have a buss idea, we have a personalized legal solution that's right for you. with easy st-by-step guidance, we're here to help you turn yr dream into a reali. start your business today with legalzoom. ♪ >> decline making a comeback today. the price of the currency has shot up past 1,000 for the first time since mid december.

this after online gaming company announced the testing payments for some of its gains. it teamed up with of the largest service providers to of lead the for amusing because now they're only available. but 2 percent. david: the u.s. market is off to a slow start, a third their losses of the s&p fell for the first time since 2005 with the improving economy lifting stocks cheryl: charging is now, head of equity portfolio strategy. what do you say to this?

>> anticipation of growth. the certainty that was so prevalent and faded, business confidence would improve, boost capital spending, investment, and that has all been coming true. but much like the stock market bottomed in march about nine and earnings about bottom until september 09 the stock market anticipates that. the civilian the back end of the treasury curve of those things have been indicative. the performances are in the economic numbers, is to be suspected in order for the

maybe 15 to 20. to me, that's the real downside scenario. somehow growth fails to launcc. cheryl: suspect the money printing an easing money policy, the financial sector has been a great sector. is that something you are getting behind team? for the first three days of trading -- >> it has. financials rallied early in anticipation -- anticipation of housing being a game changer. it was not. then they rallied in the summer in anticipation of interest rates going up, but the really these short-term rates to go up in order to expand the interest margin. that is, while i think the fed may wind up going faster than the market thinks right now with the fed thinks, that is not in the cards in early 2014 either.

i think the banking sector is probably ahead of itself. what we do like is, we like that capitol sensitive cyclical and technology and suggesting getting a little more aggressive and at staples distich fishing your portfolio a bit. david: let me ask you about that. as we look at some of the consumer staples specifically, would you buy as spider there? also, they did underperformed the s&p generally, but still had 20% gains. >> and that is a broader problem. try and find something sensitive to growth that is cheap, the only thing he could find would be emerging markets. david: this is where you put your money now, the consumer staples biter? >> that is probably right, the lowest way to do it. from my perspective i don't worry about the individual names

, but there are a lot of high-quality names of would fit into that. cheryl: adelle worry about its have a pullback. help people better fine with. >> is going to be a bit of a struggle. and eight to 10 percent pullback since. the second-half rally in the midterm elections this year it's a the other side of fed policy mobilization. it sells a reasonable expectation. david: about to go to las vegas to play soccer. >> the weekend after next. david: alou will puff of -- cheryl: currency fallout, breaking out. the impact of a higher dollar. david: arctic-like conditions sleeping to midwest spreading east and south from some areas experiencing the lowest temperatures of about two decades. rio live in chicago to see a new record low today.

cheryl: and listening. ♪ welcome back. how is everything?

there's nhi like being your own boss! and my customers are really liking your flat rae shipping. fedex one rate. really makes my le eier. maybe a promotion is in order. good news. i g a new title.

and rais nagent cldn' ma thapp. m anunc ] trocingedexne re. mpleflate ippi withhe rlialityfex.

david: we were just talking about earnings season, still a couple weeks off. already concerned about how all-star rebel will impact their results. last quarter company lost about $4 billion to a foreign currencies rose year. david: state mannesmann agency, working with companies and finalizing an agreement with deutsche bank to assess foreign currency exposure. joining is now in a fox business exclusive. we've seen a very weak dollar.

>> during the look at individual sectors. you really need to look at individual companies. you have to look at -- these companies are managing currencies, not just the euro versus the dollar. managing some times in excess of 200 different currencies. what you have to look at is what companies good at managing the exposure and which are not. take, for example, a company that goes out and looks at something like you mentioned earlier, topline, what it means for earnings, well, that depends somewhat -- how they're managing it. cheryl: you look good companies, but you can also look good countries. i am just picking this -- always been interested in what happens@ in australia such as an important economy to hours, obviously china is more important to australia than any other country. a lot of what happens they're depends on china, with its is got a new prime minister, a very strong dollar advocate.

should you bet on his currency? [laughter] >> that is a good question. but you have to look at again is in the earnings season will start off with alcoa in a couple of days. very much impacted by what happens with the aussie dollar versus the u.s. dollar. so what they have to look at is, will it impact their u.s. investments. cheryl: let's pick up on that and talk about japan. @%e last hour or talk about that he believes you will see deflationary in the value of the and, already seeing weakness in the dollar, and it will be crucial. is that something you're watching? and how do you advise the company when it comes to a currency trading specifically between japanese and u.s. dollars? >> what we do, and after colosio and cfo's of companies, they focus on where their exposures are. we're not the guys who say here is your dollar-yen strategy.

we give them the technology to assess where exposure is. very much people are focused on the dollar and will continue to strengthen, maybe too much. companies like ovarian medical or practice of procter and gamble may well be negatively impacted depending upon how well prepared they are. cheryl: -- david: with a euro focused? >> that is a really good point. in the pharmaceutical industry you really have to have and have not. they're very much impacted by currencies. countries -- companies such as merck or pfizer doing a really good job of understanding the exposure in all currency and really match that to the bottom line. the new companies like ast is a neck and -- david: let me stop you there. strong dollar, week euro, those companies to -- will do well? >> what happens is, those companies will not be impacted.

the investors can really look at the fundamentals of that company because the man is the rest so well. they're not looking for a dollar to go up against the yen. the reason is, no company knows where the next surprise comes. india's surprised as. the companies that are well-placed, like pfizer and merck, they will whether the storm, whether up or down, strengthening our weakening. whereas astra's zeneca may not be as well prepared. when a of a sudden have a significant move in currencies such as the euro there will have surprises and surprises that investors never liked. at that point it is interesting but you mentioned, banks are starting to get so much the question about help me understand my entire portfolio currency that deutsche a bank is no giving the technology to

companies to better assess their whole portfolio. david: faq. very interesting. appreciate that. cheryl: a creative way to take advantage of freezing conditions. build an entire city advice. an ice festival celebrating his 30th anniversary. david: many regions experiencing it subzero temperatures. look at jeff flock in chicago. ♪ >> reporter: they say if i stand and face the wind with the naked face for five minutes i will be frostbitten. we will be back in five minutes to see if that is sure not. ♪ so i can reach ally bank 24/7, but there arno branches? 24/7. i'm sorry, 'm just really rectant to try new things. really? what's wrong with trying new thing look! mommy's new vacuum! (cat screech) you feel that your muscles? i do... drink water.

it's a long story. well, not having brahes let's usive u great rates and service. i'd like that. a new way to bank. let's usive u great rates and service. a better way to save. ally bank. your money needs an ally. open to innovation. open to ambition. open to boldids. that's why n york has a new plan - dozens of tafree zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.

david: the coldest temperatures in nearly two decades and a lot of places. arctic-like temperatures being felt from the midwest to the east coast. cheryl: chicago reaching temperatures of-16 degrees today which broke a record set back in 1988,-11. that is where we find jeff flock who is braving the cold. >> reporter: wind chill got down to 42 will zero today, cheryl. we just sat out of the wind. we are in front of the famed

chicago tribune building here on michigan avenue. wgn studio is off to my left there as well. i want to show you, though, the latest flight boards or flight numbers because, i tell you, this is the epicenter of like trouble today. about 5600 flights nationwide the late. the lion's share of those in chicago. those cancellations of flights. you can see here at the bus stopped. we have had schools closed all day, and we just got word from the mayor, there will close cool going to be much warmer tomorrow . about-9 is what it will be down to, they say, not pretty at all. because that is what really has done it in this city. wind chills across the midwest, as you can see from maybe a map, is just nasty if you have to be

out in it. but that has done is not a lot of public transportation out. this is a bus that has been sitting here for about three hours, sitting near running, but it can't go anywhere. it as a malfunctioning something or other. it's bad. i want to talk about the business end of this for a second. you might think with all of this caught cold weather, natural gas would be on fire today. well, i guess it is on fire in your reader, however it is pretty flat for natural gas numbers today because they expect that this cold weather will move through very quickly. one other update, i want to show you pictures out of indiana, not far from here or they have two major interstates shut down completely for most of the day-to-day because of drifting snow, like effect snow there as well. those are now back open even though they say, very dangerous and it now wants to travel on it. the roads are at least now impassable. this has been a nasty date.

david: welcome i get inside. thank you very much. by the way,-18 is not the wind chill. that is the real temperature. >> reporter: know, that is real, real stuff. cheryl: from paparazzi to public office, a bid to be the next governor of arizona. we will tell you coming up. david: we ask if you think we should extend unemployment benefits. devoting any day now. your answer is coming up next. ♪ ♪ [ cellphones beeping ] ♪ heo? [ male announcer ] over 12,000 financl advisors. good, good. good over $700 billion dollars in aetunder care. let just put this away. [ male announcer ] h did edward jones get so g? could you teach kids that trick?

[ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investing. ♪ makes sense of investing. if ...hey breathi's hard... know the feeling? copd incluludes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that hps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva ndihaler tiotropium bromide inhalation powder does not repla fast-acti inhalers for sudden symptoms. tell your doctorf you have kidney problems, glaucoma, trouble urating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your brthing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and consnstipation.

nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva.

david: time to go "off the desk." tourists from all over the world have been braving ice cold temperatures in china to see the harbin international ice and snow festival. more than 10,000 workers built the ice and snow sculptures as part of the festival's 30th anniversary. it will run a month. other events include a ice and snow culp ture contest and this i hate. ice swimming contest. count me out for that. >> steven seagal the governor? he is considering a run for arizona governor while promoting his new television show, copy county. he is head after posse made up

of 3,000 unnaid civilians. he is deppized in arizona, mexico and louisiana. he wants to increase border security. david: wow. we asked you on facebook and twitter if unemployment benefiis should be extended? ken on facebook wrote in, do not extend. why work when you can make more on unemployment. i see signs in local businesses even after the holidays saying we are hiring. >> brian on facebook says don't extend benefits. the state limit on weeks of unemployment is sufficient for people really trying to find a job. david: if you haven't heard liz claman is live tomorrow all day from the consumer electronics show in las vegas where companies including automakers are unveiling the latest high-tech gadgets. some will literally blow your mind. unbelievable stuff. "after the bell" liz will sit down with cox communication president. they're wiring entire floor at ces. that is no small feat. it is massive. bigger than massive. we'll talk about merger talk

with pat as well. this is fox inbusiness exclusive. intel president's bringing devices to 3-d cameras that sees depth much like the human eye. bob pittman, chairman and ceo of clear channel. has a great tequila. we will find out what he thinks about liberty media intention to buy sirius/xm radio and buy popular i-heart radio one digital radio service into your caa. i have a couple of interviews myself. i will talk to none other than than former congressman ron paul. he just released a statement. i don't know if you saw this on twitter, urging the senate to reject janet yellen's confirmation as the next head of the federal reserve. we'll ask him about that. the battle over unemployment benefits heating up on capitol -- a whole range of things. we'll be busy. >> it will be all about d.c. jeff told us that last week. david: we'll miss you. it has been great.

>> come back later in the week. david: we've got big market stories tomorrow as well. >> guess who is coming up? our own melissa francis. "money" coming up in just a moment, we'll see you back here tomorrow. melissa: the first full week of the new year and a new "money" update on the health care hell. did you know if your personal information was hacked or breached through the federal website? the government has no obligation to tell you! of we have a congressman leading the charge to change that. even when they say it's not it is always about "money." melissa: it is the start after new year. all eyes on obama care. not so much on enrollment numbers anymore but all the personal data possibly breached through the website. can you believe the government doesn't have to tell you if your informatio w